Newmark Arranges 742K-SF Industrial Lease in Detroit Suburbs
Newmark arranged a 741,923-square-foot industrial lease with an undisclosed tenant at Wixom Assembly Park, a two-phase, five-building, 1.6-million-square-foot industrial park in the Detroit suburb of Wixom, MI. Vice chairman Mark Long and executive managing directors Dan Labes and David Giltner represented the park’s owner, Flint Development.
“We have had strong leasing momentum at Wixom Assembly Park, with two out of the five buildings having been delivered and now fully leased,” said Labes. “This is a testament to the unprecedented and still growing demand for bulk warehouse product in this market.”
The recent lease was for Building A, the largest within the park. It features up to 160 dock doors, four drive-in doors, 36-foot clear height, 50- by 52-foot column spacing, LED lighting, ESFR sprinklers and parking for 516 cars and 513 trailers. The building is situated in a prime location with immediate access to Interstate 96 at Wixom Road.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).